leases

creative commons

The US government isn’t getting the full fair market value from coal lease sales on public lands. That’s according to a report released today by the Department of the Interior’s Office of Inspector General.


The report says recent lease sales potentially undervalued the coal by $62 million. The Bureau of Land Management appraises the leases instead of using the DOI’s Office of Valuation Services like its rules say it should, and the BLM does not take into account increased exports of coal abroad.